The Central Bank of Azerbaijan is striving to assist the domestic and international transition to a greener economy, writes its governor, Taleh Kazimov
Climate change and sustainable development have emerged as paramount issues demanding immediate and concerted action on a global level. Climate change is no longer a distant threat; it is a reality people experience every day through intensifying floods, droughts, heatwaves and storms. The economic toll has already reached $2 trillion in the last decade, according to the recent report, The economic cost of extreme weather events, with the poorest nations suffering the most. The scale of the
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